4900 S Archer Ave - Office FOR SALE


Chicago, IL 60632- Archer Heights
$3,600,000 USD
312-532-9244
4900 S Archer Ave, Chicago, IL for Sale
$3,600,000 USD
Office - FOR SALE
1/16
null | Request Cap Rate

4900 S Archer Ave
Chicago, IL 60632
Archer Heights


HIGHLIGHTS

  • 10,701 SF building with 5 units
  • 24,547 SF land site
  • Zoned C2-3 for versatile commercial opportunities
  • Generous 2,365 SF basement for storage or expansion opportunities
  • Surrounded by National & Regional Retailers
  • 900 SF rooftop deck for added appeal

OVERVIEW

Rare Mixed-Use Property Available in the Archer Heights Neighborhood of Chicago. The 10,701 SF building consists of 3 medical office suites and 1 retail unit on the first floor, which totals 5,251 SF plus an additional 1,550 SF garage. The 2nd floor is a huge 3,900 SF residential apartment with 7 beds/3 baths plus an additional 900 SF rooftop deck. There is an additional 2,365 SF basement available for storage. The property has a land site footprint of 24,547 SF which includes a private fenced parking lot striped for 33 parking spaces. Great opportunity for an owner-operator as the existing C2-3 zoning allows for many uses. Tremendous location with high pedestrian traffic across the street from Curie H.S. and high vehicle traffic at the traffic signalized corner of Archer Avenue (25,200 VPD) and 49th Street, just east of Pulaski Road (26,200 VPD). There are several national retailers in the immediate area, including but not limited to Target, Jewel-Osco, Aldi, Pete's Market, Cermak Produce, Walgreens, McDonald's, Chase Bank, PNC and many others. Great public transportation available and within walking distance of the CTA Pulaski Orange Line Station. Video Link: youtube.com/watch?v=bfZI_06z4Ok&time_continue=2&source_ve_path=NzY3NTg&embeds_referring_euri=https%3A%2F%2Fbuildout.com%2F

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$336 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Archer Medical Arts Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

C2-3

APN/PARCEL ID

19-11-113-039-0000,19-11-113-040-0000,19-11-113-041-0000,19-11-113-042-0000,19-11-113-043-0000,19-11-113-044-0000,19-11-113-045-0000,19-11-113-046-0000

ASK ABOUT THIS PROPERTY

Enrique GuadalupeJameson Commercial Real EstateMore Info
312-532-9244

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Enrique GuadalupeJameson Commercial Real EstateMore Info
312-532-9244

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.